A loan of $1,375 helped a member to buy more grain to feed his cows and to invest in agriculture on his farm.

La Nueva Luz (The New Light) Group 1's story

Jose has a small house in El Seibo and another in the countryside where he raises and milks cows. He currently has 6 cows. Jose sells their milk to local cheese makers. He lives with one son, although he has three in total, ages 21, 24, and 26. Jose is the proud grandfather of a six-year old little boy. Jose has only had a high school education and he really wants his children to be able to continue with their studies and go to college so that they can have professional careers.

Business can be hard because there is no electricity out in the country yet and he has to travel on dirt roads to and from his farm to sell the milk. Jose has successfully repaid 5 loans and is now requesting his 6th. With the loan money, he plans to buy more grain to feed his cows and also to invest it in agriculture on his farm.

Note: This is a group loan for 5 people.

In this group: Jose, Rosa, Melania, Gloria

Loan details

Lenders and lending teams

Loan details